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Title : The Market, Energy, Political Page, T+51 -- October 2, 2018
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The Market, Energy, Political Page, T+51 -- October 2, 2018

Pre-market trading: tea leaves suggest another huge data. Dow (irrelevant) already nearing another 100-point gain. Look at AAPL. WTI steady; apparently all that $100-oil talk on "pause." EIA weekly data will be released in a couple of hours.

Boom! Permian will need $300 billion in CAPEX for growth through 2023 -- that's only five years from now -- Rigzone. Predictions --

• rise by up to 3 million barrels of oil equivalent per day
• possibly produce up to 5.4 billion barrels of oil equivalent per day
• have a need for up to 41,000 new wells (mostly unconventional) to be drilled to meet production outlook
• require more than $300 billion in capital expenditures (CAPEX) to keep pace with growth projections

LNG Canada: may be first of many -- Bloomberg. 

https://ift.tt/2dZyQXu

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